Question

1. Discuss the nature of unemployment in developing countries like India. How can the problem of unemployment in developing countries be solved?

Answer 1

Answer)

Post Covid World is witnessing new turn in its unemployment scenario.According to Economist Augus Deaton, post covid unemployment dilemma can be related to 'death of despair' similar to post 2008 financial crusis which took place in USA.

In India the unemployment rate was already going 45 year low but Covid19 has added more to its downturn. The manufacturing sector in India never found much upsurge since independence , due to lack of skills and investments. Agriculture has been largely disguised unemployment due to 60% population involved in it, which is itself dependent on monsoon vagaries.

MGNREGA has come to rescue in India where efforts ate made to give livelihood to rural poor at meagre wages. Post Covid, Garib Kalyaan Yojana has come as complementary in which aggressive efforts ate being made to provide employment to the needy.

Gig companies like Swiggy, Zomato, Ola are offering discounts and flexibility at workplace to ultimate boost employment.

Things will take time to get back to normalcy and create optimal employment opportunities

Particularly in developing countries such as India, Bangladesh, Sri Lanka, efforts are being made towards self reliance. Atma Nirbhar Abhiyaan in India is a move towards being 'Vocal for Local' which will lay emphasis on production in India.' Assemble in India' along with 'Make In India' is bound to create to good number of jobs for its natives. Government efforts towards imports ban will emphasize on self production, hence more employment.

Similarly, all developing countries have started working on creation of job opportunities by removing the domestic bottlenecks and boosting employment at grassroot level.

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